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20130227
20130227
Search Results 0 to 4 of about 5 (some duplicates have been removed)
in the ancient city. a balloon carrying 21 people crashed into a field. 19 people died. a witness told nhk a fire broke out and burned half of the balloon's basket. he says he saw the pilot and a passenger jump out. he says the balloon rose higher as the flames spread. then it crashed into a sugar cane field. civil aviation minister wai al madawi visited the site of the accident. he says a committee from the ministry will investigate. luxor provincial officials say four japanese are among the dead. a japanese travel agency confirmed they're two married couples from tokyo. the casualties also include touris from britain and hong kong. >> translator: the basket of the doomed balloon was engulfed in flames within seconds. >> luxor is located about 500 kilometers south of cairo. it's one of egypt's most popular sightseeing areas. the city has ancient ruins such as the valley of the kings and the karnak temple along the nile river. the head of the travel agency in cairo points out that severe competition among balon operators for a diminishi nuer o touristsay he contributed to the incident. >> transla
is that the price gains were widespread throughout the nation-- 19 out of 20 cities posted increases. the lone exception was new york city, where prices dipped a half a percent. there was more data today reaffirming the housing market recovery. new home sales surged almost 16% in january, lotore an expected and the biggest jump in nearly two decades. so what's behind the turnaround in the housing market? >> the biggest factor is just the fact that prices have fallen to such a level that there are enough willing buyers that see value in this market to come in and basically provide a floor. >> reporter: in fact, investors continue to purchase about nearly one out of every five homes. many real estate experts predict home prices will continue to rise this year, fueled by a dwindling number of properties on the market. in january, the supply of homes for sale fell to its lowest level in nearly eight years. for most people, the biggest impediment to buying a home is not credit score or income. >> it's down payment. most people don't have enough spare cash laying around that they are able to qualify
power, and kansas city declared an emergency. the storm had already battered the texas panhandle. winds there reached hurricane force, and piled drifts more than two feet high in some places. negotiations on iran's nuclear program restarted today for the first time in eight months. the two-day talks opened in kazakhstan. the u.s. and other world powers offered to ease some international sanctions, if iran will limit activities that could lead to nuclear weapons. . >> it addresses international concerns on the exclusively peaceful nature of the iranian nuclear program but it's also responsive to iranian ideas. we hope very much that iran will seize this opportunity and come to the talks with flexibility and a commitment to make concrete progress toward building steps. >> sreenivasan: in response, iran said it will make a counter-offer during the talks. in egypt, at least 19 people were killed in one of the deadliest ballooning accidents ever. a hot air balloon carrying touris caught fire over the ancient city of luxor and crashed in a field. the dead were from europe and asia. in additio
from our studios in new york city, this is charlie rose. >> rose: lawrence summers is here, he is a professor at harvard, where he was president from 2001 to 2006. he was treasury secretary under president clinton and returned to the white house in 2009 as advisor of the national economic council, in that role he was central to president obama's the response to the financial crisis, he is here to talk about the scwes officer imposed in summer of 2011 and intended as a consequence so unaccepble congssnd theresident would have to agree on revenue increases and spending cuts in order to avoid it. with three days to go they have not been able to do that, the first $85 billion about spending cuts will take effect on march 1st, ben bernanke testified to cock earlier today he promised to extend the federal reserve stimulus measures and make made a direct appeal to avoid the sequester. >> the congress and the administration should consider replacing the sharp front loaded spending cuts required by the sequestration with policies that reduce the federal deficit more gradlly in the near
Search Results 0 to 4 of about 5 (some duplicates have been removed)